This is a good time to review which expenses may be paid by plan assets.
- Discretionary amendment fees
- Plan termination
- Ordinary business expenses
- Correction program fees (preparation, submission, or penalty fees)
Remember that ongoing investment consulting fees may be paid by plan assets. Please review the six hypothetical fact patterns detailed at www.dol.gov/ebsa/regs/AOs/settlor_guidance.html for more information.